Price for Metals; Silver, Unwrought, (But Not Powder) in South Africa - 2024
Contents:
- Price for Metals; Silver, Unwrought, (But Not Powder) in South Africa (FOB) - 2022
- Price for Metals; Silver, Unwrought, (But Not Powder) in South Africa (CIF) - 2022
- Exports of Metals; Silver, Unwrought, (But Not Powder) in South Africa
- Imports of Metals; Silver, Unwrought, (But Not Powder) in South Africa
Price for Metals; Silver, Unwrought, (But Not Powder) in South Africa (FOB) - 2022
The average export price for metals; silver, unwrought, (but not powder) stood at $964,748 per ton in 2022, with a decrease of -3.4% against the previous year. In general, the export price, however, posted significant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 253% against the previous year. Over the period under review, the average export prices attained the maximum at $998,240 per ton in 2021, and then declined slightly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,132,980 per ton), while the average price for exports to Botswana ($56,500 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Metals; Silver, Unwrought, (But Not Powder) in South Africa (CIF) - 2022
In 2022, the average import price for metals; silver, unwrought, (but not powder) amounted to $584,441 per ton, declining by -32.9% against the previous year. In general, the import price, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2016 an increase of 137%. The import price peaked at $870,796 per ton in 2021, and then declined dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($967,962 per ton), while the price for Democratic Republic of the Congo ($480 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+33.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Metals; Silver, Unwrought, (But Not Powder) in South Africa
After three years of growth, overseas shipments of metals; silver, unwrought, (but not powder) decreased by -89.1% to 1.3 tons in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 512% against the previous year. As a result, the exports attained the peak of 12 tons, and then dropped sharply in the following year.
In value terms, exports of metals; silver, unwrought, (but not powder) shrank markedly to $1.2M in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 1,006%. As a result, the exports attained the peak of $12M, and then dropped rapidly in the following year.
| Export of Metals; Silver, Unwrought, (But Not Powder) in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.3 | 0.5 | 0.8 | 0.9 | 44.2% |
| Switzerland | N/A | N/A | N/A | 0.4 | 0% |
| Hong Kong SAR | N/A | N/A | 4.2 | N/A | 0% |
| Botswana | N/A | N/A | N/A | N/A | 0% |
| Spain | N/A | N/A | 0.3 | N/A | 0% |
| Namibia | N/A | 0.3 | N/A | N/A | 0% |
| United States | N/A | 0.2 | 6.5 | N/A | 3150.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 0.3 | 1.1 | 11.8 | 1.2 | 58.7% |
Top Export Markets for Metals; Silver, Unwrought, (But Not Powder) from South Africa in 2022:
- United Kingdom (761.0 kg)
- Switzerland (449.0 kg)
- Botswana (52.0 kg)
Imports of Metals; Silver, Unwrought, (But Not Powder) in South Africa
In 2022, supplies from abroad of metals; silver, unwrought, (but not powder) decreased by -36.9% to 465 kg, falling for the second consecutive year after two years of growth. Overall, imports faced a precipitous decrease. The growth pace was the most rapid in 2020 with an increase of 230%. As a result, imports attained the peak of 6.7 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of metals; silver, unwrought, (but not powder) shrank remarkably to $272K in 2022. In general, imports recorded a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 306%. As a result, imports reached the peak of $4.6M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Metals; Silver, Unwrought, (But Not Powder) in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 39.3 | 369 | 107 | 71.9 | 22.3% |
| Armenia | N/A | 1.0 | 29.0 | 61.4 | 683.6% |
| United Kingdom | 458 | 309 | 123 | 33.3 | -58.3% |
| United States | 75.9 | 249 | 157 | 31.1 | -25.7% |
| New Zealand | N/A | N/A | N/A | 25.2 | 0% |
| Germany | 19.5 | 15.4 | 13.6 | 12.1 | -14.7% |
| Italy | N/A | N/A | N/A | 4.9 | 0% |
| Australia | 16.7 | 117 | 133 | 3.5 | -40.6% |
| Switzerland | 483 | 997 | N/A | 0.2 | -92.5% |
| Austria | 9.3 | 67.6 | 44.9 | N/A | 119.7% |
| Democratic Republic of the Congo | N/A | N/A | N/A | N/A | 0% |
| Others | 30.6 | 2,468 | 35.2 | 28.1 | -2.8% |
| Total | 1,132 | 4,593 | 642 | 272 | -37.8% |
Top Suppliers of Metals; Silver, Unwrought, (But Not Powder) to South Africa in 2022:
- Canada (103.0 kg)
- Italy (84.0 kg)
- Armenia (71.0 kg)
- United States (52.0 kg)
- United Kingdom (49.0 kg)
- New Zealand (26.0 kg)
- Democratic Republic of the Congo (25.0 kg)
- Germany (17.0 kg)
- Australia (5.0 kg)
- Switzerland (1.0 kg)
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